Bitcoin price (BTC/USD) hits 11-day high above $10,500 on Friday morning
Bitcoin’s advance, which has been supported by an uptick in trading volumes, appears to be part of a larger digital currency uptrend. Most major digital coins, including Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), have seen price increases over the past 24 hours. Bitcoin Cash’s offshoot, Bitcoin SV (BSV), has been the best performer in the crypto top 10 over that period.
Some observers believe that the market received a boost from the US Federal Reserve’s recent decision to slash interest rates by 0.25%.
In today’s trading, the Bitcoin price stood at $10,537.44, as of 10:05 BST. The digital coin has gained 5.7% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $188.1 billion, which represents 65.9% of the combined value of all digital currencies.
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